PHOENIX -- Electronics manufacturing services firm Suntron Corp. will sell its Garner, IA, plant to Nortech Systems for an undisclosed sum. Nortech will acquire the assets, intellectual property and customers associated with the operation. The deal includes the plant's management and about 100 employees.

The acquisition is subject to customary closing conditions.

Suntron president and chief executive Paul Singh said in a statement, "This is the final phase of Suntron's plan to 'right-size' our U.S. manufacturing footprint and position our company to grow in other strategic geographies in the world. As a result, we have significantly reduced our fixed costs and redeployed our resources to better serve the customers in our target industry sectors. Despite our decision to sell the Garner operation, it is important to recognize our Iowa workforce for consistently delivering outstanding results for Suntron over the past several years."

Nortech Systems' president and CEO Mike Degen said, "This strategic acquisition offers many valuable synergies to our business. Along with gaining new customers and new market opportunities, the addition of this operation will provide expanded offerings for both our new and existing customers."

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